Sentences with phrase «costs under the tax cap»

Education groups argued the borrowing plan was necessary in order to cover costs under the tax cap.

Not exact matches

At an annual cost of $ 410 million, the Family Tax Relief Rebate provides $ 350 to households with children under age 17 and annual income between $ 40,000 and $ 300,000; the Property Tax Freeze Rebate provides an amount equal to the annual increase in property taxes to homeowners earning less than $ 500,000 in tax cap - compliant local governments and school districts and costs $ 783 million annualTax Relief Rebate provides $ 350 to households with children under age 17 and annual income between $ 40,000 and $ 300,000; the Property Tax Freeze Rebate provides an amount equal to the annual increase in property taxes to homeowners earning less than $ 500,000 in tax cap - compliant local governments and school districts and costs $ 783 million annualTax Freeze Rebate provides an amount equal to the annual increase in property taxes to homeowners earning less than $ 500,000 in tax cap - compliant local governments and school districts and costs $ 783 million annualtax cap - compliant local governments and school districts and costs $ 783 million annually.

As mayors prepared to make their case, the state School Boards Association released a survey that found work force costs in schools outside the state's major cities are on track to grow an average of more than $ 1 billion annually by the 2013 - 14 school year; revenues under a tax cap, however, would grow only $ 229 million per year through 2013 - 14, on average.

«No matter what the Administration is painting as a rosy picture that there's going to be a decrease in the overall debt, I just don't see how a project of $ 192 million plus other projects that we have been assured will move forward at a cost of $ 93 million and knowing that union contracts will be up for ratification throughout the next several years, there's no way that the county can say that our taxes will not increase and that I can't imagine will be able to stay under the cap unless we decimate services,» says Strawinski.

If the state's costs keep rising faster than 2 percent, few governments will be able to operate under the tax cap.

The limit on property tax hikes is 2 percent or the rate of inflation, whichever is lower, and includes some exceptions for municipalities with high litigation or pension contribution costs, or for staying under the cap before.

She has made the tough choices to make Suffolk County government more efficient, which saves Suffolk taxpayers $ 100 million per year in reduced costs and allows the county to stay under the tax cap.

Another choice we've said we'd make differently is on taxation and tuition fees — while under the Conservative - led government banks are benefiting from a 5 per cent cut in corporation tax, — Labour thinks that money would be better used bringing down the cap on tuition fees, to help young people worried about the costs of going to university.

So how has the county managed to stay under the state - imposed tax cap and reduce tax rates while still increasing spending to covering costs associated with county programs, services and personnel?

This budget is under the state property tax cap, And it keeps our spending under the rate of inflation even though our costs have increased.

But while tax revenues have been successfully limited under the cap, Michael Borges with the New York State Association of School Business Officials said districts» costs, including health care and transportation, have continued to rise much faster than the average rate of inflation.

Molinaro also said that, despite state - mandated costs at the local level, «most our municipalities stayed under the [state - set] property tax cap, and Dutchess County has had three successive years of property tax reductions.»

Schools have struggled in recent years with a property - tax cap that limits their ability to raise local revenue, and they're operating under soaring pension and health - care costs.

At last count, New York State public schools» unfunded mandates numbered more than 150 — 150 unfunded mandates that cost schools money in time and resources — yet most of us get our budgets passed while staying under our tax caps.

But, while tax revenues have been successfully limited under the cap, Michael Borges, with the New York State Association of School Business Officials, says schools» costs, including health care and transportation, have continued to rise much faster than the average rate of inflation.

Still, Cuomo remains proud of the property tax relief enacted under his administration, including the property tax cap that, while good for taxpayers, has left some local governments and school districts scrambling to constrain spending despite rising health care and pension costs.

What's commonly been defined as the district's budget gap in the past — the difference between the cost to continue existing programs and salaries and what the district is allowed to tax under state revenue caps — is actually $ 1.2 million.

Cap - weighted indexes may be flawed but they sport ultra-low fees (some under 0.10 %), with minimal trading costs and supreme tax efficiency.

In his book, Lomborg proposes that a modest carbon tax could pay for all of this work at a fraction the cost of a cap on emissions of greenhouse gases, the approach pursued by Europe under the Kyoto Protocol (and rejected in the United States).

Hence, such assistance would result in more emissions under a carbon tax and would increase the cost of meeting the emissions cap in a cap - and - trade program.